Jamaica’s finance minister introduced on January 23 that the central financial institution would take over the regulation of non-bank monetary establishments.
Finance minister Nigel Clarke mentioned the central financial institution would turn into sole monetary regulator, taking up among the duties of the Monetary Providers Fee of Jamaica. He mentioned the federal government would create one other physique that will handle “market conduct and shopper safety regulation”.
As an interim measure, he positioned senior central financial institution officers in
